Weir’s shares closed at an 18-month high after the company, which makes pumps and valves for the mining, oil and gas and power generation industries, told investors it expected to maintain profits this year despite the economic downturn.
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Weir posts 6% rise in earnings to £187m
More than £142 million was added to the market value of Glasgow-based Weir Group yesterday as its shares soared 8%.
